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20130124
20130124
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think it will pass. and it give, i think, some certainty on this specific question of the debt ceiling and the question of default, because we know from 2011, the adverse impact 2,000 points in the -- that the dow lost. we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think we can build upon some of the previous efforts. we had an agreement in 2011 which allowed us to reduce spending and we can do that again. at the end to of this year so the called fiscal cliff deal i think was further evidence when you get 89 united states senators voting for that end of the year agree respect, the deal was perfect and had all kinds of frustrations associated with it, but we h
to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improving gradually, housing is and i s
Search Results 0 to 1 of about 2